92.5% of New Power Capacity Added Worldwide in 2024 Was from Renewables - CleanTechnica
92.5% of New Power Capacity Added Worldwide in 2024 Was from Renewables - CleanTechnica
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! How much is renewable energy dominating new power capacity worldwide? That’s how much! 92.5% of new power capacity added to the grid in 2024 came from renewable energy sources. This is not even a ... [continued...
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According to the IEA, in 2024 renewables accounted for 38% of new energy generation, and 32% of new electricity generation. That's a very big discrepancy from the 92.5% cited in this report, which refers to "renewable power capacity,"defined as:
the maximum net generating capacity of power plants and other installations that use renewable energy sources to produce electricity.
So it seems like that number might be referring to potential, not actual (?) use. But maybe someone more familiar with these terms can weigh in here.
The 32% is the share of all not just new renewable electricity generation. The growt of clean electricity generation was 80% with most of that being wind and solar.
The IEA states that:
In 2024, 80% of the growth in global electricity generation was provided by renewable sources and nuclear power. Together, they contributed 40% of total generation for the first time, with renewables alone supplying 32%.
So 32% of new electricity generation in 2024 was provided by renewables. In 2023 renewables accounted for about 23% of electricity generation, and 13% of total energy consumption.
If those both are true, that'd mean the green energy has a really abysmal utilization factor (power generated to installed capacity ratio). I think it'd imply a utilization factor of 0.038. I thought it was closer to 0.37 for wind and 0.25 for solar. Maybe there's a difference in what each is counting as renewable? Or how they're continuing non renewable production capacity?
92.5x/7.5=32/67, x=0.038